Joseph Wm Foran - Dec 15, 2021 Form 4 Insider Report for Matador Resources Co (MTDR)

Role: Chairman and CEO, Director
Signature: /s/ Joseph Wm. Foran, by David E. Lancaster as attorney-in-fact
Stock symbol: MTDR
Transactions as of: Dec 15, 2021
Transactions value $: $861,385
Form type: 4
Date filed: 12/16/2021, 06:03 AM
Previous filing: Aug 5, 2021
Next filing: Jan 4, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MTDR	Common Stock	Options Exercise	$1M	+36.7K	+119.23%	$27.26	67.5K	Dec 15, 2021	Direct	F1, F2
transaction	MTDR	Common Stock	Tax liability	-$139K	-3.76K	-5.57%	$36.86	63.7K	Dec 15, 2021	Direct	F2, F3
holding	MTDR	Common Stock						1.11M	Dec 15, 2021	See footnote	F4, F5
holding	MTDR	Common Stock						1.08M	Dec 15, 2021	See footnote	F4, F6
holding	MTDR	Common Stock						439K	Dec 15, 2021	See footnote	F4, F7
holding	MTDR	Common Stock						408K	Dec 15, 2021	See footnote	F4, F8
holding	MTDR	Common Stock						114K	Dec 15, 2021	See footnote	F4, F9
holding	MTDR	Common Stock						114K	Dec 15, 2021	See footnote	F4, F10
holding	MTDR	Common Stock						388K	Dec 15, 2021	See footnote	F4, F11
holding	MTDR	Common Stock						388K	Dec 15, 2021	See footnote	F4, F12
holding	MTDR	Common Stock						290K	Dec 15, 2021	See footnote	F4, F13
holding	MTDR	Common Stock						290K	Dec 15, 2021	See footnote	F4, F14
holding	MTDR	Common Stock						146K	Dec 15, 2021	See footnote	F4, F15
holding	MTDR	Common Stock						146K	Dec 15, 2021	See footnote	F4, F16

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	MTDR	Employee Stock Option	Options Exercise	$0	-36.7K	-25.35%	$0.00	108K	Dec 15, 2021	Common Stock	36.7K	$27.26	Direct	F17

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reporting person exercised 36,683 employee stock options that were granted to him on February 15, 2017 and paid a total of $999,978.58 in cash to purchase the shares of common stock associated with such options.
F2	Reflects the total number of shares directly held by the reporting person including contributions of shares from the reporting person to the Foran 2012 Savings Trust and the Foran 2012 Security Trust, each pursuant to the terms thereof.
F3	Represents shares withheld by the Issuer in connection with the reporting person's net share settlement to satisfy the tax liability upon the exercise of 36,683 employee stock options. No shares were sold by the reporting person to satisfy the tax liability.
F4	The reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise, the beneficial owner of these shares. The reporting person disclaims beneficial ownership of these shares, except to the extent of his pecuniary interest therein.
F5	Represents shares held of record by Sage Resources, Ltd., which is a limited partnership owned by the reporting person's family, including the reporting person.
F6	Represents shares held of record collectively by the LRF 2011 Non-GST Trust, WJF 2011 Non-GST Trust, JNF 2011 Non-GST Trust, SIF 2011 Non-GST Trust and MCF 2011 Non-GST Trust (collectively, the "Non-GST Trusts"). The reporting person and his spouse, as settlors of each of the Non-GST Trusts, retain the power of substitution with respect to the property of the Non-GST Trusts.
F7	Represents shares held of record by the Foran 2012 Savings Trust for which the reporting person's spouse is a trustee. Includes shares held by the trust following a contribution of shares by the reporting person to the trust, pursuant to the terms thereof.
F8	Represents shares held of record by the Foran 2012 Security Trust for which the reporting person is the trustee. Includes shares held by the trust following a contribution of shares by the reporting person and by the reporting person's spouse to the trust, pursuant to the terms thereof.
F9	Represents shares held of record by the JWF 2020-1 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
F10	Represents shares held of record by the NNF 2020-1 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
F11	Represents shares held of record by the JWF 2020-2 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
F12	Represents shares held of record by the NNF 2020-2 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
F13	Represents shares held of record by the JWF 2021-1 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
F14	Represents shares held of record by the NNF 2021-1 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.
F15	Represents shares held of record by the JWF 2021-2 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power. Includes 60,796 shares gifted to the trust following their distribution from the JWF 2019-2 GRAT to its settlor as an annuity payment required by the terms thereof. Also includes 85,086 shares gifted to the trust following their distribution from the JWF 2020-2 GRAT to its settlor as an annuity payment required by the terms thereof.
F16	Represents shares held of record by the NNF 2021-2 GRAT, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power. Includes 60,796 shares gifted to the trust following their distribution from the NNF 2019-2 GRAT to its settlor as an annuity payment required by the terms thereof. Also includes 85,086 shares gifted to the trust following their distribution from the NNF 2020-2 GRAT to its settlor as an annuity payment required by the terms thereof.
F17	The employee stock options vested in equal annual installments on the first, second and third anniversaries of the date of grant and were fully vested as of February 15, 2020.